Thursday, December 02, 2004

Norwegian 3.5GHz auction done and dusted

The Norwegian auction is done, and here is my current understanding of events from the field:

There were 87 rounds of bidding between eight bidders, though I'm not entirely sure who all of them were. Apparently 13 bidders in all started, but five dropped out. Total proceeds were NOK49.9m ($8m), versus a reserve price of NOK3m. Of the 150 frequency blocks available in six regions, Telenor got six blocks in each region (36 total) for NOK13.5m, UPC paid NOK11m in all (but there are no details yet on allocation), and big-winner NextGenTel got 47 blocks for NOK13m.